1. Plot the relationship between number of orders per week and weekly total costs. 2. Estimate the cost equation using the high-low method, and draw this line on your graph. 3. Harvey uses his computer to calculate the following regression formula: Total weekly costs = $10,048 + ($28.91 X Number of weekly orders) Draw the regression line on your graph. Use you graph to evaluate the regression line using the criteria of economic plausibility, goodness of fit, and significance of the independent variable. Is the cost function estimated using the high-low method a close approximation of the cost function estimated using the regression method? 4. Did Fresh Choice break even this season? Remember that each of the families paid a seasonal membership fee of $75. 5. Assume that 850 families join the club next year and that prices and costs do not change/ how many orders, on average, must Fresh Choice receive each week break even? FC is a cooperative of organic family owned farms which has started a fresh produce club to provide support to the group members of farms. 1. The relationship between number of orders per week and the weekly total cost with the increase in number of orders per week the weekly total cost also increase and decrease in number of orders will decreases the total cost. Therefore the total cost has a positive Relationship with the number of orders per week